Finolex Industries Profile
Key Indicators
- Authorised Capital ₹ 235.00 Cr
- Paid Up Capital ₹ 123.67 Cr
- Company Age 43 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 2,024.43 Cr
- Revenue Growth -4.48%
- Profit Growth -77.54%
- Ebitda -71.42%
- Net Worth 24.88%
- Total Assets 17.51%
About Finolex Industries
Finolex Industries Limited (FIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 March 1981 and has a history of 43 years and ten months. Its registered office is in Pune, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500940 and on the National Stock Exchange(NSE) under FINPIPE.
The Corporate was formerly known as Finolex Pipes Private Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 235.00 Cr and a paid-up capital of Rs 123.67 Cr.
The company has closed loans amounting to ₹2,024.43 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Finolex Industries Limited India is Niraj Kedia as CFO. Kanchan Chitale, Saurabh Dhanorkar, Prakash Chhabria, and Seven other members serve as directors at the Company.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Finolex Industries Limited offer?
Finolex Industries Limited offers a wide range of products and services, including PVC, FRP, HDPE & Other Plastic Pipes, Plumbing Pipe, Wash Basins, Sanitaryware & Fittings, Plumbing Traps, Indoor Lights & Lighting Accessories, CFL Light, PVC, CPVC, HDPE Water Pipe Fittings, Plastic Pipe Cap, Casing Pipes, Pipe Adapters.
Who are the key members and board of directors at Finolex Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ajit Venkataraman  | Managing Director | 01-Jun-2023 | Current |
| Niraj Kedia | CFO | 20-May-2022 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bhumika Batra | Director | 20-Sep-2019 | Current |
| Anami Roy | Director | 20-Sep-2019 | Current |
| Kanchan Chitale | Director | 01-Apr-2019 | Current |
| Saurabh Dhanorkar | Director | 01-Dec-1996 | Current |
| Prakash Chhabria | Whole-Time Director | 13-Mar-1992 | Current |
| Pradeep Rathi | Director | 20-Sep-2019 | Current |
Financial Performance of Finolex Industries.
Finolex Industries Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.48% decrease. The company also saw a substantial fall in profitability, with a 77.54% decrease in profit. The company's net worth Soared by an impressive increase of 24.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Finolex Industries?
In 2023, Finolex Industries had a promoter holding of 52.47% and a public holding of 47.51%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Oerlikon Textile India Private LimitedBhumika Batra is a mutual person
Ndl Ventures LimitedBhumika Batra is a mutual person
Prr Finance Pvt LtdPradeep Rathi is a mutual person
Charges (Loans)
₹0
₹2,024.43 Cr
Charges Breakdown by Lending Institutions
- Bank Of India : 1395.75 Cr
- Axis Trustee Services Limited : 250.00 Cr
- Central Bank Of India : 100.00 Cr
- Il&Fs Trust Company Limited : 100.00 Cr
- Uti Bank Limited : 75.00 Cr
- Others : 103.68 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2014 | Axis Trustee Services Limited | ₹100.00 Cr | Satisfied |
| 28 Sep 2012 | Central Bank Of India | ₹100.00 Cr | Satisfied |
| 05 Mar 2010 | Axis Trustee Services Limited | ₹50.00 Cr | Satisfied |
| 16 Feb 2009 | Axis Trustee Services Limited | ₹100.00 Cr | Satisfied |
| 28 Mar 2008 | Axis Bank Limited | ₹34.52 Cr | Satisfied |
How Many Employees Work at Finolex Industries?
Finolex Industries has a workforce of 1506 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Finolex Industries, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Finolex Industries's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
